Befund Service Platform Announces Support from Daos Capital as They Prepare to Launch Their Crowdsale

As the Befund Service Platform gets set to launch their crowdsale later this week (on May 16, 2018), the Singapore-based company has just announced that Daos Capital will become the eighth investment fund to back the project so far.

Khalil Lin, Director of Overseas Operations for Befund says that the support from Daos is encouraging, as Befund aims to become the platform of choice for crypto traders globally. “Our intention is to create an ecosystem that transcends the traditional silos that create inefficiency and poor cooperation in the market,” he says. “Our system is being built so that anyone in the world can enjoy access to powerful financial tools to manage their crypto assets. Being able to welcome Daos as a backer signals that we are well on our way to creating the ideal conditions for greater trust between global funds and international investors.”

Daos Capital is a fund run by a group of senior investors and venture capitalists that specializes in blockchain and cryptocurrency trading. It is an AI-driven fund capable of delivering various trading strategies with different levels of risk to meet the needs and preferences of their investors.

The fund is specially calibrated to respond to the unique nature of the cryptocurrency market by screening existing funds and assessing benchmark professional fund standards and then employing short-term mechanisms to mitigate the effects of cryptocurrency volatility. Their main focus is leveraging arbitrage space on behalf of their investors on the secondary market of digital assets.

Helping Investors Navigate the World of Cryptocurrencies

Navigating the chaotic world of cryptocurrencies can be a daunting task. There is great interest by potential market participants, but they don’t have a central space to collect the information and data they need in order to be successful. Befund is a non-profit project that was created to connect novice and smaller “retail” crypto enthusiasts with professional fund managers.

While the Befund team believes that cryptocurrency and blockchain technology will become part of the mainstream in due course, scams still pop up in the sector, which understandably makes new market players nervous. The Befund Service Platform is able to address these issues by offering the expertise of their venture capital specialists, who conduct in-depth due diligence regarding new ICOs and funds and share their insights with subscribers. The project is designed to allow experienced venture capital professionals to provide retail investors with the perks that large funds can unlock.

The platform will also serve professional traders and fund managers, who will have the ability to create learning modules, subscription platforms and more using Befund’s SaaS platform. The company’s own public chain (called BFDChain) has been developed to serve the financial industry and will enable users to create their own decentralized financial applications, which will promote further collaboration in the financial industry.

The overall goal of the project is to encourage widespread participation across the entire financial industry in the crypto market, by enabling subscribers to interact directly with industry experts who have backgrounds in angel investing, financial planning, and private equity. The company is building its own standardized blockchain-based service platform that complies with various jurisdictional regulations as an informational resource for cryptocurrency funds, fund managers, and token holders anywhere in the world. They are also working to set up a partnership with a provider of compliance audit services, to give their users assurance that they are receiving trusted crypto financial planning advice.

The Befund Service Platform is made up of a team of financial, technology, and legal industry experts, including CEO, Winston Zhang, who has worked as a senior officer for a number of international companies, including IBM, Oracle, and i2. The company’s COO is Chris Wu, who has served in senior roles in the past at Duncan-Williams Investment Bank in China and currently at the Trivantis Corporation. He holds Master’s degrees in computing and AI technology, as well as Finance. They are joined by CTO, Jack Hong, who has been CTO of Mars Venture Technology (Beijing) and GM and CTO of Heze Technology (Beijing). Khalil Lin, Director of Overseas Operations, is a JD with expertise in blockchain and media in the United States and specializes in global jurisdictional laws around the technology.

All of the platform’s subscription and other tools will be accessed using the BFDChain token (BFDT). Major holders of BFDTs may also be entitled to participate in exclusive advanced fund sales conducted on some of the platforms created using the Befund technology solution. A total of 500 million BFDT will be available for sale, with a maximum of two billion BFDT to be issued. This will include the sale of 9% to strategic backers, a 25% private placement (including the public crowdsale) with whitelisted buyers who pass their KYC procedure, and the distribution of 20% to the Befund team.

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